All organizations contain a wealth of knowledge. Some of this knowledge is clearly stated within an organization, while some may be hidden in the depths of key individuals. Knowledge management encourages organizations to become aware of their different types of knowledge: critical, embedded and creative. What an organization does with this knowledge can be highly beneficial. If used correctly, this information can create a greater advantage over other organizations and become the key to future success.
Through knowledge management, both formal and informal knowledge must be harnessed to ensure that information is not lost when individuals move on or organizational structures change. This can cause major disruptions and result in loss of knowledge, expertise, productivity and best practices. By creating knowledge communities, this assists organizations in the retention of tacit knowledge that may have otherwise been lost. These communities are informal, self-organized groups that share knowledge for the benefit of all involved individuals while keeping the organization at the top of their game in knowledge creation.
Although knowledge management can offer important insight into any organization, there are some aspects that may cause some uncertainty among constituents. Some individuals may see this as just another trend that will fade over time and they may not consider its benefits in a favorable manner. This process should not be seen as a "magic cure" for all performance problems, but it should be seen simply as a starting point to gain practical knowledge that will be beneficial in generating future outcomes.
Through knowledge management, both formal and informal knowledge must be harnessed to ensure that information is not lost when individuals move on or organizational structures change. This can cause major disruptions and result in loss of knowledge, expertise, productivity and best practices. By creating knowledge communities, this assists organizations in the retention of tacit knowledge that may have otherwise been lost. These communities are informal, self-organized groups that share knowledge for the benefit of all involved individuals while keeping the organization at the top of their game in knowledge creation.
Although knowledge management can offer important insight into any organization, there are some aspects that may cause some uncertainty among constituents. Some individuals may see this as just another trend that will fade over time and they may not consider its benefits in a favorable manner. This process should not be seen as a "magic cure" for all performance problems, but it should be seen simply as a starting point to gain practical knowledge that will be beneficial in generating future outcomes.